Which returned more over the last year, ONEQ or USO?

In the year to Oct 28, 2026, with distributions reinvested, ONEQ returned +12.7% and USO +133.3%.

Which is cheaper, ONEQ or USO?

ONEQ is cheaper, by 0.65 percentage points a year. That is about $65 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

ONEQ vs USO: Differences, Returns & Fees

Share on X Download as PDF

ONEQ is an equity index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +12.7%.

askIQ about this page

askIQ about ONEQ and USO

Net assets: $10.9bn on Sep 30, 2026 for Fidelity Nasdaq Composite Index ETF, and $1.9bn on Oct 28, 2026 for United States Oil Fund, LP.

ONEQ on its own →USO on its own →

At a glance

+12.7%

ONEQ total return, 1 year

+133.3%

USO total return, 1 year

0.21%

ONEQ expense ratio

0.86%

USO expense ratio

Pair scorecard

ONEQ costs 0.65 points a year less; their one-year returns differ by 120.6 points.

ONEQ vs USO: Differences, Returns & Fees
Measure	ONEQ	USO
Return
Measure	ONEQ	USO
Total return, 1 year	+12.7%	+133.3%
Drawdown
Measure	ONEQ	USO
Below its high	3.8%, high on Oct 6, 2026	82.3%, high on Jul 14, 2008
Benchmark
Measure	ONEQ	USO
What it tracks	Nasdaq Composite Index	Oil futures
Cost and size
Measure	ONEQ	USO
Expense ratio	0.21%	0.86%
Net assets, ONEQ as of Sep 30, 2026 and USO as of Oct 28, 2026	$10.9bn	$1.9bn
Holdings
Measure	ONEQ	USO
Holdings in common	not published
In the S&P 500, by weight	85%
Holdings dated	Aug 31, 2026
Top ten holdings, share of the fund	56.0%

Method

Side by side

ONEQ Fidelity Nasdaq Composite Index ETF USO United States Oil Fund, LP

Where it sits Stock ETF Commodity ETF

Issuer Fidelity USCF

What it is Tracks the Nasdaq Composite Holds oil futures

Total return, 1 year +12.7% +133.3%

Expense ratio 0.21% 0.86%

Holdings 1026 not counted

Net assets, ONEQ as of Sep 30, 2026 and USO as of Oct 28, 2026 $10.9bn $1.9bn

ONEQ and USO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

ONEQ

ONEQ tracks the Nasdaq Composite. Over the year to Oct 28, 2026 it returned +12.7% with distributions reinvested. The prospectus expense ratio is 0.21% a year. By its holdings filed for Aug 31, 2026, 85% of the fund by weight is stocks the S&P 500 also holds, across 1,026 positions, with the top ten at 56.0%. It sat 3.8% below its high of Oct 6, 2026 on Oct 28, 2026.

USO

USO holds oil futures. Over the year to Oct 28, 2026 it returned +133.3% with distributions reinvested. The prospectus expense ratio is 0.86% a year. It sat 82.3% below its high of Jul 14, 2008 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, ONEQ or USO?: In the year to Oct 28, 2026, with distributions reinvested, ONEQ returned +12.7% and USO +133.3%.
Which is cheaper, ONEQ or USO?: ONEQ is cheaper, by 0.65 percentage points a year. That is about $65 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BWET vs ONEQ ONEQ vs SIVR ONEQ vs SLV GLDM vs ONEQ QQQ vs USO FBCG vs USO USO vs VOOG GARP vs USO

Where to next

ONEQ on its own →USO on its own →Hold both: look the portfolio through →Rankings →ONEQ dividend history →ONEQ holdings →Standards and sources →

Sources and dates

ONEQ filings on SEC EDGAR ↗

ONEQ prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

USCF website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, ONEQ against USO, data as of Oct 28, 2026. https://etfiq.com/compare/any/oneq-vs-uso

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.